Singapore stocks finished lower on Thursday, as global equities ended mixed overnight with European indices reacting to tensions from the Russia-Ukraine conflict.
The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,736.16 and 3,751.25 throughout the day. It ended the session at 3,739.22, down 4.42 points or 0.12%.
Sentiment turned cautious as the US and Russia reportedly battle for advantage in Ukraine, two months ahead of Donald Trump's return to the White House.
In company news, shares of Advanced Systems Automation surged over 14% after Advance Opportunities Fund I became a major shareholder after buying 1.0 million shares in the company for SG$21,000 or SG$0.021 apiece.
$Geo Energy Resources(RE4.SI) surged nearly 4% after the engineering and construction services company held a groundbreaking ceremony for its integrated infrastructure in Indonesia.
Meanwhile, Singtel was down over 2% at the close after the company revealed that it will make several changes within its senior management as part of the Singtel28 growth plan, effective Jan. 1, 2025.